Successfully placed € 400 million bond issue

8th April 2010

ES Admin

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Prysmian Spa makes a successful debut on the Eurobond market. Following the resolution approved by the Board of Directors on March 3rd, 2010, Prysmian SpA announces the completion of the placement to institutional investors of an unrated bond, on the Eurobond market, for a total nominal value of € 400 million.

Investors’ strong interest resulted in total demand in excess of € 3 billion, over 7.5 times the offer amount. “This is a highly successful result that further confirms the credibility of the Group and the investors’ confidence in the prospective outlook for the Group's business”, commented Prysmian’s CFO Pier Francesco Facchini.

The bonds will have a maturity of 5 years and will pay an annual fixed coupon equal to 5.25%, with an issue price equal to 99.674. The bonds, due on 9 april 2015, have minimum denominations of €50,000, plus integral multiples of €1,000. The bonds’ settlement date is expected to be 9 april 2010.

Prysmian Spa has applied for the listing of the bonds on the Official List of the Luxembourg Stock Exchange and for admission to trading on the Luxembourg Stock Exchange’s regulated market. In connection with the issue of the bonds, stabilization actions might be carried out in accordance with all applicable laws and regulations.

The bond offering has been managed by Banca IMI Spa, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, Goldman Sachs International and Unicredit Bank AG, as joint lead managers.

Prysmian will use the proceeds of bond for general corporate purposes of the Group, including the refinancing of existing debt.